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    2640 Berlin Tpke Newington, CT 06111

    Sponsored
    For Sale
    Contact for pricing

    3.22 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.22-acre retail land site presents a remarkable investment opportunity in Newington, Connecticut. Located at 2640 Berlin Turnpike, this level lot enjoys unparalleled visibility and accessibility along one of Connecticut's busiest retail corridors. The property's strategic position directly adjoins a thriving Aldi grocery store, further enhancing its desirability. Surrounded by a concentration of national retailers including Walmart, Target, Stop & Shop, Lowe's, and Whole Foods, this site benefits from significant consumer traffic and established brand recognition. The high-traffic location boasts excellent access via Berlin Turnpike (28,800 cars per day) and Kitts Lane (8,100 cars per day), ensuring maximum exposure for any development. This property is ideal for owner-users seeking to establish a new business or investors looking to capitalize on the strong retail market in this prime location. The level lot is ready for immediate development, minimizing pre-construction hurdles and accelerating the return on investment. This is a rare opportunity to acquire a premier retail land site in a highly sought-after area of Connecticut. Don't miss this chance to secure a piece of Newington's thriving retail landscape.

    Property Features for 2640 Berlin Tpke

    General Information

    Property type
    Retail properties
    Lot Size
    140,263 SF

    HighLights

    • 3.22‑acre retail land site for sale in Newington, CT.
    • Excellent location on Berlin Turnpike, a high‑traffic retail corridor.
    • Adjacent to Aldi and near other national retailers like Walmart, Target, and Lowe's.
    • Level lot suitable for owner‑user or investor development.
    • High visibility and accessibility from Berlin Turnpike (28,800 VPD) and Kitts Lane (8,100 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    ALDI Supermarket

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7113016
    Latitude
    41.679204

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    FAQs

    What type of property is this?
    Retail property - 3.22 Acres, High-Traffic Location
    Where is this retail property located?
    The property is located at 2640 Berlin Tpke Newington, CT.
    What are key features of this property?
    This property features: 3.22-acre retail land site for sale in Newington, CT.; Excellent location on Berlin Turnpike, a high-traffic retail corridor.; Adjacent to Aldi and near other national retailers like Walmart, Target, and Lowe's.
    Request Owner's contact information
    2640 Berlin Tpke Newington, CT 06111
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    Newington, CT 06111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2640 Berlin Tpke Newington, CT 06111
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